ETHICS EXAM PRACTICE AND STUDY GUIDE
2026 APPLICATION OF ETHICS IN EDUCATION
AND PROFESSIONAL SETTINGS FRAMEWORK
◉ What are the benefits of ethical leadership?
Answer: Employees are more willing to work for ethical companies.
◉ Which of the following differentiates ethical leaders from less
ethical leaders?
Answer: How they respond to mistakes
◉ What similarity do they share that contributes to their firm's
ethical cultures?
Answer: They have the ability to align employees behind a common
vision.
◉ Why might ethics mistakes actually improve an organization in
the long-run?
Answer: They give the firm an opportunity to learn from its
mistakes.
◉ According to Howard Schultz, which of the following is true about
ethical leadership?
,Answer: It is about finding a way to balance between profitability
and social consciousness.
◉ Which statement is true about the ethical decision-making of
leaders?
Answer: Ethical leaders must often make trade-offs regarding
stakeholder demands.
◉ Based on observations of J. P. Morgan CEO James Dimon's reaction
to a crisis, what is a good way to manage a crisis?
Answer: Act quickly and take responsibility for the issues.
◉ What is the fate of ethically-challenged CEOs?
Answer: They often face reputational damage.
◉ What likely contributed to the flawed corporate culture at
Countrywide Financial?
Answer: A flawed incentive system
◉ In this module, we described five examples of ethically-challenged
CEOs. What is not one of the mistakes they made?
Answer: Giving employees more decision-making authority
, ◉ What constitutes a conflict of interest?
Answer: The best interests of an individual are placed above the best
interests of the company.
◉ Ethical leaders must ____________ ethical issues and risks.
Answer: identify
◉ Unlike an ethical issue, in an ethical dilemma _____________.
Answer: all the decisions have negative consequences
◉ What is the definition of ethical issue intensity?
Answer: How important an ethical issue is perceived to be by a
company or individual
◉ Which definition describes an ethical issue?
Answer: An identifiable problem, situation, or opportunity that
requires a person or organization to choose among several actions
that may be evaluated as ethical or unethical
◉ Which tends to be the most observed misconduct in the
workplace?
Answer: Time theft
2026 APPLICATION OF ETHICS IN EDUCATION
AND PROFESSIONAL SETTINGS FRAMEWORK
◉ What are the benefits of ethical leadership?
Answer: Employees are more willing to work for ethical companies.
◉ Which of the following differentiates ethical leaders from less
ethical leaders?
Answer: How they respond to mistakes
◉ What similarity do they share that contributes to their firm's
ethical cultures?
Answer: They have the ability to align employees behind a common
vision.
◉ Why might ethics mistakes actually improve an organization in
the long-run?
Answer: They give the firm an opportunity to learn from its
mistakes.
◉ According to Howard Schultz, which of the following is true about
ethical leadership?
,Answer: It is about finding a way to balance between profitability
and social consciousness.
◉ Which statement is true about the ethical decision-making of
leaders?
Answer: Ethical leaders must often make trade-offs regarding
stakeholder demands.
◉ Based on observations of J. P. Morgan CEO James Dimon's reaction
to a crisis, what is a good way to manage a crisis?
Answer: Act quickly and take responsibility for the issues.
◉ What is the fate of ethically-challenged CEOs?
Answer: They often face reputational damage.
◉ What likely contributed to the flawed corporate culture at
Countrywide Financial?
Answer: A flawed incentive system
◉ In this module, we described five examples of ethically-challenged
CEOs. What is not one of the mistakes they made?
Answer: Giving employees more decision-making authority
, ◉ What constitutes a conflict of interest?
Answer: The best interests of an individual are placed above the best
interests of the company.
◉ Ethical leaders must ____________ ethical issues and risks.
Answer: identify
◉ Unlike an ethical issue, in an ethical dilemma _____________.
Answer: all the decisions have negative consequences
◉ What is the definition of ethical issue intensity?
Answer: How important an ethical issue is perceived to be by a
company or individual
◉ Which definition describes an ethical issue?
Answer: An identifiable problem, situation, or opportunity that
requires a person or organization to choose among several actions
that may be evaluated as ethical or unethical
◉ Which tends to be the most observed misconduct in the
workplace?
Answer: Time theft
